The exploration team at Domestic Metals has finished a targeted geophysical program across its Smart Creek project in Montana. Field crews contracted to TMC Geophysics collected 26 line-km of data between February 6th and March 2nd, 2026, using a pole-dipole electrode array. The line work was designed to enlarge the area covered by earlier surveys conducted by Rio Tinto and to sharpen the positioning of drill-ready targets ahead of planned diamond drilling in Q2, 2026.
Company personnel are now processing and modelling the new datasets, with a formal interpretation to be released when analysis is complete.
Management says the fresh geophysics will be a key input to vectoring toward the heart of a suspected porphyry system that may explain previous high-grade results. With proceeds from the most recent financing, the company expects to mobilize for a drill program due to start in mid April. These funds and the updated technical data aim to reduce uncertainty ahead of drilling and to prioritize targets that combine surface geology, geochemistry and geophysical evidence.
Table of Contents:
What the survey measured and why it matters
The crew employed induced polarization (commonly referred to as IP) methods to derive both chargeability and resistivity responses from the subsurface. In geophysical terms, IP provides sensitivity to disseminated sulphides and certain hydrothermal alteration zones, which are often associated with porphyry and Carbonate Replacement (CRD) mineralization. When IP anomalies are mapped alongside surface rock and soil geochemistry, they can offer independent confirmation of targets inferred from outcrops and historic drilling, improving confidence in drill hole placement.
How chargeability and resistivity guide targeting
Interpretation focuses on contrasting chargeability (a measure of how well materials hold an induced electrical charge) and resistivity (how strongly materials oppose current). High chargeability signatures typically correlate with sulphide-bearing rocks, while resistivity lows or highs can indicate fluid pathways or altered rock zones. Integrating these signatures with earlier datasets helps the technical team narrow down anomalies that warrant testing with diamond drilling, especially in geologic environments favourable for large-scale copper-gold deposits.
Survey specifics and technical oversight
The program totaled 26 line-km of new coverage and utilized a pole-dipole configuration to optimize depth penetration and lateral resolution. Data are being inverted and modelled on-site and in the office to produce 3D views of subsurface features. All scientific and technical results in relation to this work have been reviewed and approved by Daniel MacNeil, P.Geo., who serves as a Technical Advisor to the company and is the qualified person under National Instrument 43-101. A subsequent news release will present maps and interpreted sections derived from the current survey.
What to expect from the upcoming release
The forthcoming update is expected to include modeled chargeability and resistivity sections, mapped anomalies relative to historical IP features, and prioritized drill targets. These outputs will inform the initial drill plan for the campaign scheduled to commence in mid April, allowing the team to sequence holes to test both shallow and deeper targets that could represent porphyry centers or CRD mineralization.
Financing update: amendment to warrant terms
Alongside the technical work, the company has amended warrant conditions initially announced under a non-brokered private placement on February 4, 2026. The offering contemplates up to 12,500,000 Units priced at $0.28 per Unit, for maximum gross proceeds of $3,500,000. Each Unit consists of one common share and one common share purchase warrant. The revised terms set the warrant strike at $0.40 per share, with an exercise period of three years from issuance and no acceleration of the expiry date. These amendments are intended to preserve long-term value for new subscribers and to provide ongoing funding optionality.
Why the amendment matters for investors and operations
By clarifying the warrant term and strike price, the company seeks to ensure that subscription proceeds are directed toward the exploration program, including the planned diamond drilling. The structure offers investors upside if exploration proves successful while keeping a stable timeline for potential warrant exercises. Proceeds from the placement are expected to finance the immediate drill campaign and associated field programs tied to the recent IP coverage.
Project context and company focus
The Smart Creek property is located in Montana, a jurisdiction with an active mining history, and shows widespread copper occurrence at surface. The project contains multiple targets interpreted as potential porphyry copper, epithermal gold, replacement and exotic copper systems. Domestic Metals concentrates on exploring historically productive districts in the Americas with the objective of discovering large-scale copper and gold deposits. The company is backed by a technical and management team experienced in discovery, development and financing within the mining sector.
Readers should note that statements about planned exploration and financing are forward-looking and subject to risks and uncertainties, including the outcome of fieldwork, commodity prices, permitting, equipment performance and financing conditions. Interested parties will find detailed disclosures and periodic updates through the company’s regulatory filings and upcoming technical releases.
